Latest data from YouGov reveals half of the residents in UAE and KSA plan to spend on gifting or shopping (51%) this festive season. Just as many (52%) said they will spend on holiday with family and donations (51%) this Ramadan/ Eid. When asked about their timeline for buying gifts, consumers are more likely to
Hosting a successful World Expo significantly boosted the UAE’s soft power position, propelling it into the top 10 countries in the Brand Finance Global Soft Power Index 2023 for the first time. The UAE jumped five places in the Index, with its Soft Power Score increasing by 3.2 points, with Expo 2020 Dubai driving 61.2%
Hakbah, the Saudi-based fintech savings platform, announces its successful closing of a US$2 million, pre-Series A, funding round. Global Ventures- MENA’s leading venture capital firm and DIFC-based Aditum Investment Management participated in the round, providing Hakbah with its first institutional capital. The funding follows approval granted by the Saudi Central Bank (SAMA). Proceeds will be
The Mohammed Bin Rashid Space Centre (MBRSC) today announced that Sultan AlNeyadiwill become the first Arab astronaut to undertake a spacewalk during Expedition 69 on the International Space Station (ISS). Scheduled for 28 April, the UAE will become the 10th country to perform a spacewalk on the ISS.AlNeyadi will be part of the 262nd spacewalk
Knight Frank Middle East, a leading global real estate consultancy has announced a collaboration with Pan Kingdom Holding, a renowned infrastructure holding company based in Saudi Arabia. The partnership will focus on Asset Management Project for a newly constructed 2,000 room hotel in Makkah. Turab Saleem, Partner & Head of Hospitality at Knight Frank MENA,
A lot has been written recently about how Artificial Intelligence can change our life. Artificial intelligence has emerged as a disruptive force across multiple industries. From healthcare to finance, AI is transforming the way businesses operate and compete in the market. Artificial Intelligence will soon write a movie script, use AI to generate actors for
“The new generation is taking the concept of shopping to the next level by demanding a holistic experience that combines the opportunity for shopping, living and leisure and socially interactive experiences”, according to Muhammed A. Chaudhry, General Partner at DJM Capital Partners. Gone are the days when shopping malls were typically located in the suburbs
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